Leap Years Are Not Lucky
As we all enjoy this fifth Friday in February, we can look back on all the other Leap Year trading days. Not a very good track record unfortunately:
Hat Tip: Bespoke
A random walk through the world of economics, investing and personal finance.
As we all enjoy this fifth Friday in February, we can look back on all the other Leap Year trading days. Not a very good track record unfortunately:
Hat Tip: Bespoke
Macro Numbers
Real GDP +0.6% in 2008Q1, Comp. Ann. Rate of Chg.
12-Month PCE +3.4% in February 2008, % Chg. Year Ago
12-Month PCE excluding food & energy +2.0% in February 2008, % Chg. Year Ago
Civ. Unemploy. Rate 5.1% in March 2008
IP -0.5% in February 2008, % Chg.
Bonds and Rates
Fed. Funds Rate 2% on
Fed. Funds Rate (effective) 2.21% on
10-Yr. Treas. Rate 3.738% on
ML High Yield Index 10.069% on
10-Yr. TIPS Rate 1.460% on
National 30-Yr Fixed Mortgage Rate 5.8% on
National 30-Yr Fixed Jumbo Mortgage Rate 7.17% on
Foreign Exchange
US/Euro FX Rate 1.5626 on
Japan/US FX Rate 103.76 on
Commodity Prices
Crude Oil 114.63 on
Natural Gas, Oct 10.868 on
Gold 876.4 on
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